Nykaa eyes Rs 426 as analyst flags upside past Rs 400 on earnings momentum
FSN E-Commerce Ventures' Nykaa hit a 52-week high of Rs 325.50, up 3.34%, with analyst Anshul Jain citing five straight quarters of improving earnings and sales. A breakout above Rs 226 and clearing Rs 315 resistance sets a 12-month target of Rs 426. Market cap stands at Rs 91,000 crore; investors advised to hold.
Analyst Anshul Jain says Nykaa shares, hitting a 52-week high of Rs 325.50, could reach Rs 426 within a year on improving earnings and sales momentum over the past five quarters, advising investors to hold.